FRANKFURT: The euro jumped one percent versus the dollar Monday after European Central Bank chief Christine Lagarde signaled the end of ECB negative interest rates.

TOKYO: US President Joe Biden launched a new Asia-Pacific trade initiative Monday in Tokyo, with 13 countries including India and Japan signed up, although questions about the pact’s effectiveness remain.

WASHINGTON: The head of baby formula manufacturer Abbott apologized Saturday to US families affected by the shortage of the essential supply.

KHANNA, India: When New Delhi banned wheat exports as prices soared over Russia’s invasion of Ukraine it provoked consternation abroad and drove the cereal even higher.

RIYADH: A Saudi billionaire is to sell a 16.87-percent stake of his company to a sovereign wealth fund run by the kingdom’s crown prince, a statement said Sunday.

Al-Muthana Al-Maktoum

KUWAIT: National Investments Company held its Analysts Conference for the first quarter of 2022, on Wednesday, May 18th, which was attended by Girish Nair, NIC’s Chief Financial Officer, Bashar Khan, Senior Vice President – Investment Banking Sector, Al-Muthana Al-Maktoum, Executive Vice President – Wealth Management Sector, who presented a brief about the company and shed light on the positive financial results achieved in Q1 2022, which reflect the company’s exceptional performance and strong operational achievements that led to maintaining and strengthening its financial position, high quality assets and its ability to achieve sustained growth, this is all due to the effective strategy and its competent and experienced team.

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DAVOS: The world’s political and business elite will hobnob in Davos next week after a two-year break caused by COVID, with the Ukraine war set to dominate the exclusive Swiss mountain summit.

BELFAST: Irish Prime Minister Micheal Martin urged the UK government to stand by its post-Brexit trade commitments in Northern Ireland, as Washington warned London its brinkmanship with Europe threatens peace.